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EARNINGS PER SHARE ("EPS")
3 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
7. EARNINGS PER SHARE

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations.
 Three Months Ended
 (In thousands, except per share amounts)June 27,
2020
June 29,
2019
Basic EPS  
Net income (loss)$10,527  $(8,479) 
Weighted average shares50,418  51,010  
Basic income (loss) per share$0.21  $(0.17) 
Diluted EPS  
Net income (loss)$10,527  $(8,479) 
Basic weighted average shares50,418  51,010  
Net effect of common stock equivalents829  —  
Diluted weighted average shares51,247  51,010  
Diluted income (loss) per share$0.21  $(0.17) 

Basic earnings per share is calculated using the Company's weighted-average outstanding common stock. Diluted earnings per share is calculated using its weighted-average outstanding common stock including the dilutive effect of stock awards as determined under the treasury stock method. For the three months ended June 27, 2020, weighted average shares outstanding, assuming dilution, excludes the impact of 0.5 million anti-dilutive shares. For the three months ended June 29, 2019, the Company recognized a net loss; therefore it excluded the impact of outstanding stock awards from the diluted loss per share calculation as its inclusion would have an anti-dilutive effect.